Grayscale Bitcoin Trust (GBTC)

37.70
OTC Markets
Prev Close 38.00
Day Low/High 37.27 / 38.11
52 Wk Low/High 10.00 / 58.22
Exchange OTC Markets
Shares Outstanding 692.37B
Market Cap 26.31B
Div & Yield N.A. (N.A)

Take the Money and Run

If I was trading I would probably be out of all my speculative gewgaw shorts - like , , , , , etc.  

Gewgaws Collapse

* To this observer they are shorts on any strength  My speculative shorts --  (-9%), (-5%), (-5%), (-9%), (-7%), etc. -- continue to stink up the joint.

Spec as in Dreck

Yesterday the speculative gewgaws fell apart (e.g., , , and , etc.). Today the larger cap concept stocks are taking a fall ( e.g., , and ).

You Done Tore Out My Heart and Stomped That Sucker Flat

"You keep on stompin' And my heart is on the floor..." - Lewis Gizzard, You Done Tore Out My Heart and Stomped That Sucker Flat  In yesterday's opening missive, "The Market Is a Hard Dog to Keep Under the Porch," I argued that the U.S. stock market ...

Gewgaws = Schmeissburgers

Bitcoin peripheral plays -  , , ,  - continue to get led to the woodshed after large losses yesterday.  I would consider selling or shorting all of these names.

The Market Is a Hard Dog to Keep Under the Porch

* The U.S. stock market remains materially overpriced * I would use market rallies to reduce equity exposure * Value is stretched now (financials and energy) while growth valuations are vulnerable to higher interest rates * I am looking towards some...

I Remain Negative on the Markets

Today's feature was a (not surprising) mean reversion back from value to (recently depressed) growth.   Given the interest rate rise, I suspect there is a limitation or ceiling on growth stocks over the near term.   Indeed with Invesco  having peake...

Speculative Gewgaws Getting Schmeissed

Speculative gewgaws I was short - up until Friday - are getting schmeissed in today's trading session - , , , and .  The construct of the Russell Index has grown increasingly speculative - the constituent components are indicative of the Index's poo...

Rotation Reverses as 'Reopen' Plays Are Hit

Rotation Reverses as 'Reopen' Plays Are Hit

The big cap technology names are doing much better.

We're Seeing a 'Bull Trap' Now

We're Seeing a 'Bull Trap' Now

The good news is that the number of stocks near intraday highs is expanding rather than contracting so far.

Hot Pockets of Speculative Action Are Shifting Fast

Hot Pockets of Speculative Action Are Shifting Fast

Traders have to move very quickly to stay ahead of the game.

How Japanese Traders Might Be Viewing Bitcoin Now

How Japanese Traders Might Be Viewing Bitcoin Now

Let's take a look at bitcoin futures and GBTC using Japanese technical analysis techniques.

Can Momentum and Liquidity Overcome Higher Interest Rates?

Can Momentum and Liquidity Overcome Higher Interest Rates?

The stronger the economy, the better it is for earnings, but more likely it will pressure multiples as interest rates rise.

How I'm Playing the Sudden Reversal: Bitcoin, Cannabis and Gaming

How I'm Playing the Sudden Reversal: Bitcoin, Cannabis and Gaming

The key here is bonds.

Today's Trades

Additional add on longs today - and Additional add on shorts today - , , , and . New short and add on today-

Is Bitcoin Ready to Take a Tumble? Let's Check the Charts

Is Bitcoin Ready to Take a Tumble? Let's Check the Charts

Based on the technical patterns, the risks of being long bitcoin and other cryptocurrencies appear high right now.

Short Adds

I have added to the following shorts: , , , , , and .

The Foundation for the Next Major Market Cycle Is Developing Now

The Foundation for the Next Major Market Cycle Is Developing Now

This corrective phase may go deeper, but we see some good support.

There's an Oversupply of Positive Action Right Now

There's an Oversupply of Positive Action Right Now

The longer this continues, the more anxiety there will be about being underinvested.

I've Been a Buyer Friday, Making Partial Buys Like I Always Do

I've Been a Buyer Friday, Making Partial Buys Like I Always Do

It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.

Amid Monday's Weakness, This Group Is Showing Strength

Amid Monday's Weakness, This Group Is Showing Strength

If you aren't in the favored sectors right now, you are going to miss out.

After a Brief Rest, Stock Pickers Are Back

After a Brief Rest, Stock Pickers Are Back

I believe that the corrective action of the last couple of days should be a platform for some good technical action.

Small-Caps Have a Rough Day

Small-Caps Have a Rough Day

Some of the worst action Thursday was in the bitcoin-related names.

Stock Picking Is Key After This Gap-Up Open

Stock Picking Is Key After This Gap-Up Open

Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.

This Continues to Be a Market Dominated by Small-Cap Stock Picking

This Continues to Be a Market Dominated by Small-Cap Stock Picking

Much of the cannabis money is rotating back into bitcoin plays.

The Market's Early Strength Is Being Used for Some Profit-Taking

The Market's Early Strength Is Being Used for Some Profit-Taking

The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.

The Market Enjoys a Bitcoin and Pot Party

The Market Enjoys a Bitcoin and Pot Party

As these two areas go higher with so much strength, they will drag along some other speculative stocks as well.

Stay Focused on the Stock Picking Action

Stay Focused on the Stock Picking Action

The worry is being left on the sidelines as the market continues to climb.

It's All About the Stock-Picking Right Now

It's All About the Stock-Picking Right Now

If you want to be successful in this market environment, it is imperative that you stay focused on the right things.

Navigating the Rotation Is the Key to Trading This Market

Navigating the Rotation Is the Key to Trading This Market

Will the small traders be able to sustain the momentum in the other areas that they target?